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Russia’s KOKS Finance begins roadshow for five-year notes
By Colin Hanner
Chicago, April 20 – KOKS Finance DAC started a roadshow on Thursday for five-year loan participation notes as a part of a refinancing that includes a cash tender offer for holders of its 10¾% notes due 2018, a market source said.
The terms of the new notes will be determined by May 5, the settlement date for the tender offer.
The purpose of the new notes would be to finance a loan to the company.
The company launched a cash tender offer for any and all of its $201,345,000 of 10¾% notes due 2018.
Citigroup Global Markets Ltd., Renaissance Securities (Cyprus) Ltd., JSC Sberbank CIB, SIB (Cyprus) Ltd. and VTB Capital plc are the joint dealer managers for the tender offer.
KOKS Finance is a subsidiary of KOKS Group, a Moscow-based merchant coke and pig iron producer.
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